Equity research analysts expect Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get a rating) will report earnings per share (EPS) of $1.71 for the current fiscal quarter, Zacks Investment Research reports. Two analysts released earnings estimates for Expeditors International of Washington, with estimates ranging from $1.58 to $1.78. Washington-based Expeditors International reported earnings per share of $1.67 in the same quarter last year, suggesting a positive year-over-year growth rate of 2.4%. The company is expected to release its next quarterly results before the market opens on Monday, January 1.

According to Zacks, analysts expect Expeditors International of Washington to report annual earnings of $6.85 per share for the current year, with EPS estimates ranging from $6.40 to $7.30. For next year, analysts expect the company to post earnings of $5.63 per share, with EPS estimates ranging from $5.03 to $6.00. Zacks Investment Research EPS averages are an average based on a survey of research analysts who provide coverage for Expeditors International of Washington.

Washington International Expeditors (NASDAQ:EXPD – Get a rating) last released its quarterly earnings data on Tuesday, February 22. The transportation company reported EPS of $2.66 for the quarter, beating Thomson Reuters consensus estimate of $2.02 by $0.64. The company posted revenue of $5.40 billion for the quarter, versus a consensus estimate of $4.47 billion. Expeditors International of Washington had a net margin of 8.48% and a return on equity of 43.96%. The company’s revenue increased by 81.0% compared to the same quarter last year. In the same period a year earlier, the company earned earnings per share of $1.16.

Several brokerages have recently weighed in on EXPD. Barclays raised its price target on Expeditors International of Washington from $100.00 to $105.00 and gave the company an “underweight” rating in a Friday, January 14 research report. Goldman Sachs Group reduced its price target on Expeditors International of Washington from $117.00 to $101.00 in a Tuesday, February 22 research report. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a Thursday, April 7 research report. Susquehanna Bancshares cut its price target on Washington’s Expeditors International shares from $130.00 to $115.00 and set a “neutral” rating on the stock in a Wednesday, Feb. 23 research report. Finally, Benchmark took over coverage of Washington-based Expeditors International stocks in a Wednesday, March 16 research report. They issued a “holding” rating on the stock. Two equity research analysts rated the stock with a sell rating, eight gave the company a hold rating and one gave the company a strong buy rating. Based on MarketBeat data, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $113.67.

Several large investors have recently increased or reduced their stake in the company. IFP Advisors Inc increased its stake in shares of Expeditors International of Washington by 26.7% during the fourth quarter. IFP Advisors Inc now owns 399 shares of the transportation company valued at $55,000 after buying an additional 84 shares during the period. Citizens Financial Group Inc RI increased its stake in shares of Expeditors International of Washington by 5.0% during the third quarter. Citizens Financial Group Inc RI now owns 2,009 shares of the transportation company valued at $239,000 after buying 96 additional shares during the period. Farmers & Merchants Investments Inc. increased its stake in Expeditors International of Washington by 0.3% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 34,663 shares of the transportation company worth $4,655,000 after acquiring 98 additional shares during the period. Greenleaf Trust increased its stake in Expeditors International of Washington by 1.6% in the third quarter. Greenleaf Trust now owns 6,187 shares of the transportation company worth $737,000 after acquiring 99 additional shares during the period. Finally, AE Wealth Management LLC increased its stake in Expeditors International of Washington by 2.5% in the third quarter. AE Wealth Management LLC now owns 4,421 shares of the transportation company worth $527,000 after acquiring 108 additional shares during the period. 91.15% of the shares are held by hedge funds and other institutional investors.

NASDAQ EXPD opened at $99.56 on Thursday. The company has a market capitalization of $16.67 billion, a PE ratio of 12.05 and a beta of 0.88. Washington Expeditors International has a 52 week minimum of $94.95 and a 52 week maximum of $137.80. The company’s 50-day simple moving average is $102.06 and its two-hundred-day simple moving average is $115.94.

About Washington Expeditors International (Get a rating)

Expeditors International of Washington, Inc. provides logistics services in the Americas, North Asia, South Asia, Europe, Middle East, Africa and India. The Company offers air freight services, such as air freight consolidation and forwarding; ocean freight and marine services, including ocean freight consolidation, direct shipping and order management; customs brokerage, intracontinental land transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, supplier consolidation, fixed-term transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain.

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